Best Louisville, KY Tax Lawyers

Louisville, KY Tax FAQs

• Where does the Tax Court hold trial sessions closest to Louisville, Kentucky?

  The Tax Court trial sessions closest to Louisville, Kentucky are held at the Gene Snyder Courthouse-Custom House located at 601 W. Broadway Street, Louisville, KY 40202.

• Where is the low-income taxpayer clinic that is closest to Louisville, Kentucky?

  The Legal Aid Society Low Income Taxpayer Clinic near Louisville, Kentucky, provides assistance to low-income taxpayers facing IRS-related problems. They can be reached at 800-292-1862.

• How to request an extension on your taxes in Louisville?

  Taxpayers in Louisville have the option of requesting a six-month extension through the IRS Free File program. To be eligible for this program, individuals must complete Form 4868 and send it to the IRS via mail or online. They must, however, submit this form by the deadline for filing their returns.

• What is the time frame for negotiating a settlement with the IRS in Louisville?

  The IRS settlement periods in Louisville, vary depending on the case. Individuals may require a month to build their cases, which includes gathering evidence and developing abatement narratives. Following that, the review of their cases could take three to four months. Individuals can file an appeal with the IRS if their offer is rejected, which adds about two months to the process.

• Are there penalties for unfiled tax returns in Louisville?

  Individuals who fail to file their tax returns in Louisville, Kentucky by the deadline will face a failure-to-file penalty. There is a penalty of 5% of the remaining balance for each month the return is not filed. This fine, however, is limited to a maximum of 25%. There is also a minimum fine of $205 or 100% of the taxes owed if tax returns are not filed within 60 days of the due date.

• What are the legal consequences of federal tax crimes in Louisville?

  The penalties for federal tax crimes in Louisville are determined by the specific statutes involved. Individuals facing legal consequences for failing to collect or pay over tax, for example, face a maximum sentence of five years in prison and a $100,000 fine. Offenders who obstruct the IRS's operations may also face a three-year prison sentence and a $5,000 fine.

• What are the options for stopping an IRS tax levy in Louisville?

  Individuals in Louisville can prevent the IRS from seizing their assets by choosing a legal strategy that is appropriate for their financial situation. Among these options are declaring bankruptcy, paying back taxes, negotiating payment schedules, filing an appeal, and requesting an offer in compromise. Individuals can also apply for the IRS Fresh Start Program to stop tax levies.